Wait | 10 Januari 2019

10 Januari 2019, GBP/USD

Sell The cable now, and have your stoploss above last week's highest high, and take profit at 1.2156.

Wave Analysis

Just as in the Euro, The cable continues to rally upwards despite the previous forecast that it could plunge. We're waiting for the close of this week to confirm that we're short with an ultimate target at 1.2156. And as we mentioned previously a close above 1.2724 may trigger a possible bullish priice rally towards 1.3165. But a close below the same level will trigger a possible long term sell towards 1.2156. The anticipated sell position is the continuation of the impulsive wave c to the lowerside and should first break below 1.2405.

Trade Recommendations:

Wait

The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.

Membagikan

Facebook

Twitter

Bob Stan

FreshForex is a brand with a 20-year history, providing access to online trading for clients from 158 countries worldwide.
The company’s services are intended for adult users. If the use of these services violates local laws, you must immediately leave the website. The company does not provide services in the following countries.
Risk Warning: Trading financial instruments with leverage involves significant risks and may result in both profits and losses. Potential losses are limited to the amount of funds deposited. Before deciding to trade, clients should assess their risk tolerance, experience level, and knowledge.
We use cookies to improve your experience on our website.